WHAT WE'RE HEARING: Property prices rise at fastest rate since 2006

August 20th, 2013

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Warren House, Highgate

Last week the Royal Institute of Chartered Surveyors revealed their latest data which shows house prices are rising at their fastest rate since November 2006, before prices peaked in the summer of 2007. The number of people enquiring about buying also hit a four-year high last month, with activity increasing fastest in the Midlands and North-East. Since then, with the new governor of the Bank of England Mark Carney promising to keep the cost of borrowing at 0.5% until unemployment falls below 7% (unlikely to be reached until 2016), commentators have been debating the consequences of this new information:

Kamal Ahmed in The Sunday Telegraph: I warn you, Mr Carney – a housing bubble is coming

Simon Nixon in The Wall Street Journal: In Place of Virtue: Osborne Takes a Gamble

The pictured property in Highgate is for sale through The Modern House. For more information, visit: Warren House